Nigeria’s equities investors booked about N119billion loss on Wednesday as the market failed to sustain the preceding day’s positive.
ETI, PZ Cussons, Unilever, Haldane Mccall and Learn Africa rerouted the market into the red zone. The market has decreased by 1.26 percent this week and 1.39 percent this month, thereby moderating this year’s returns to 1.22 percent.
The Central Bank of Nigeria (CBN) conducted its first Treasury Bills (T-Bills) Primary Market Auction (PMA) for the month. At the auction on Wednesday April 9, the CBN offered a total of N800billion across three tenors: N50billion for 91-day bills, N100billion for 182-day bills, and N650billion for 364-day bills.
At the close of equities trading on Wednesday, Learn Africa share price decreased from N3.30 to N2.97, losing 33kobo or 10 percent, followed by Haldane Mccall which dropped from N5.80 to N5.22, losing 58kobo or 10 percent.
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ETI share price dropped from N29.80 to N26.85, down by N2.95 or 9.90 percent. PZ Cussons was down, from N33.40 to N30.10, losing N3.30 or 9.88 percent of its day-open price, while Unilever lost N3.75, from N38.45 to N34.70, down by 9.75percent.
The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities market capitalisation decreased from preceding trading day’s highs of 104,376.73 points and N65.589 trillion to 104,187 points and N65.470 trillion.
In 11,576 deals, equities traders exchanged 376,616,721 shares valued at N11.887billion. GTCO, Access Holdings, Zenith Bank, UBA, and Mutual Benefit were actively traded stocks on Wednesday.
